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STOCK COMPARISON

Solareast Holdings Co vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how Solareast Holdings Co (603366) and First Solar (FSLR) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Solareast Holdings Co trades at ¥7.33 versus a fair value of ¥2.71 (-63%), while First Solar trades at $192 versus $392 (+104%).
Solareast Holdings Co
603366.SHG · CNY · Industrials
-63%
upside to fair value
overvalued
Price¥7.33
Fair Value¥2.71
Quality47/100
First Solar
FSLR · USD · Information Technology
+104%
upside to fair value
undervalued
Price$192
Fair Value$392
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Solareast Holdings CoFirst Solar
Valuation
33.3×P/E (TTM)12.4×
1.42×P/S (TTM)4.52×
1.38×P/B2.57×
n/aEV/EBITDA9.7×
n/aPEG0.60×
−63.0%Fair value upside+104.3%
0.6%Dividend yieldn/a
¥0.05Dividend per sharen/a
Profitability
-6%Operating margin33%
n/aEBIT margin trend (5Y)2.76×
4%Return on equity18%
-1%Return on assets8%
Growth
17%Revenue growth (YoY)24%
1.6%Avg. growth/yr (3Y)25.8%
2.9%Avg. growth/yr (5Y)14.0%
+0.8%Value creation/yr+38.9%
Balance & size
n/aInterest coverage (EBIT/interest)38.1×
0.12×Debt / equity0.03×
$890MMarket cap$24B
expensiveGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

First Solar leads: 0 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Solareast Holdings Coof which business quality 48 · market factors 33 First Solarof which business quality 66 · market factors 19
ProfitabilityMargins and returns on capital today
28
56
Quality GrowthAre margins and returns improving?
33
54
CashflowEarnings quality: real cash, not paper profit
40
72
Fin. StrengthBalance sheet, leverage, solvency risk
55
94
InvestmentDisciplined investing over empire-building
68
14
Low VolatilityCalm price path (market factor)
64
9
MomentumPrice trend over the last 3–12 months (market factor)
26
29
52W MomentumDistance to the 52-week high (market factor)
10
13
Net IssuanceShare count: buybacks or dilution?
78
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySolareast Holdings CoPrice ¥7.33First SolarPrice $192
DCF Models-85%below the price¥1.09+145%above the price$471
Earnings-Based-70%below the price¥2.21+62%above the price$310
Dividend Discount-86%below the price¥1.03n/a
Multiples-50%below the price¥3.65+66%above the price$318
Asset-Based-51%below the price¥3.56-69%below the price$59.47
Growth DCF-90%below the price¥0.73+85%above the price$355
Economic Profit-50%below the price¥3.63+5%close to the price$202
Growth Earnings-50%below the price¥3.69+145%above the price$471
Minimum-90%below the price¥0.73-69%below the price$59.47
Maximum-50%below the price¥3.69+145%above the price$471
Median-61%below the price¥2.89+66%above the price$318
Geometric mean-72%below the price¥2.05+38%above the price$265

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Solareast Holdings Co: 21 of 21 models see the stock below the current price.

First Solar: 3 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Solareast Holdings Co
Price ¥7.33
Fair Value ¥2.71
Bear ¥1.46Bull ¥2.84
First Solar
Price $192
Fair Value $392
Bear $227Bull $485

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Solareast Holdings Co · Industrials

Quality score47 · below median
Fair value upside-63% · bottom 25%

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+104% · Top 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Solareast Holdings Co trades at ¥7.33 versus a fair value of ¥2.71 (-63%), while First Solar trades at $192 versus $392 (+104%).

First Solar has the higher quality score (65/100).

Open First Solar live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.